| New measures to cool China’s housing market have triggered fresh volatility and stock declines across Asia. But we think the latest government moves won’t derail the long-term drivers of Chinese real estate growth.
How quickly things change in China. After house prices grew at nearly 1 per cent a month in 2011, investors worried that the market was overheating. Then, last year, fears that the government would clamp down on the market prompted a slump in real estate stocks, which later bounced back when the market didn’t collapse. Now, as new fears of a bubble prompted more mortgage restrictions, stocks across Asia dropped and Chinese property developers tumbled sharply again...............................................Full Article: Source
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